SCHEDULES

SCHEDULE 8Stamp duty land tax: charities relief

F1Charitable trusts

Annotations:
Amendments (Textual)
F1

Sch. 8 para. 4 and cross-heading inserted (with effect in accordance with s. 302(7) of the amending Act) by Finance Act 2004 (c. 12), s. 302(2)

4

1

This Schedule applies in relation to a charitable trust as it applies in relation to a charity.

2

In this paragraph “charitable trust” means—

a

a trust of which all the beneficiaries are charities, or

b

a unit trust scheme in which all the unit holders are charities,

F2....

3

In this Schedule as it applies by virtue of this paragraph—

a

references to the purchaser in paragraphs (a) and (b) of paragraph 1(2) are to the beneficiaries or unit holders, or any of them;

b

the reference to the purchaser in paragraph 2(3)(a) is to any of the beneficiaries or unit holders;

c

the reference in paragraph 3(2)(b) to the charitable purposes of C is to those of the beneficiaries or unit holders, or any of them.